Simple. Just go to your nearest Western Union Agent location, fill in your details and we'll take care of the rest for you. With more than 320,0001 Agent locations across the world, we are probably right around the corner in your neighborhood bank.
In Korea, you can send money at any of Western Union's over 2,8001 Agent locations, such as: KB Kookmin Bank, IBK KIUP Bank, NongHyup Bank or Busan Bank.
Find the location nearest you here, or call our Customer Service Center at 00798 8521 3000 begin_of_the_skype_highlighting 00798 8521 3000 end_of_the_skype_highlighting (toll-free; valid for calls within Korea only). Our Customer Service Centre provides assistance in different languages, such as Korean, English, Chinese, Tagalog and Vietnamese.
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COMPLETE THE 'TO SEND MONEY' FORM Visit the nearest Western Union Agent location and fill out the 'To Send Money' form. Ensure you enter all information in English in capital letters on the form.
PRESENT COMPLETED FORM, PAYMENTS AND VALID IDENTIFICATION
Give the Agent the amount of money that you (the Sender) want to send together with the necessary service fees2, completed form and your current original valid government-issued photo identification.
SIGN AND RECEIVE YOUR RECEIPT You will be required to sign a receipt after you have verified all the details printed on the receipt are correct. One of the details printed on the receipt is your Money Transfer Control Number (MTCN). You can track the status of your money transfer online with your MTCN.
INFORM YOUR RECEIVER It's time to contact the intended receiver of your money, and inform the necessary information to him/her, such as your complete name (as signed in the 'To Send Money' form), amount sent, MTCN, and the country the money was sent from.
TRACK YOUR MONEY Go to the 'Tracking' link on the homepage of our website. You can then track the status of your money by typing your name (as signed in the 'To Send Money' form) and MTCN.
Check the status of your money transfer now
You can also call our Customer Service Center at 00798 8521 3000 begin_of_the_skype_highlighting 00798 8521 3000 end_of_the_skype_highlighting (toll-free; valid for calls within Korea only) to check the status of your money transfer.
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RESTRICTIONS AND SPECIAL NOTES ON SENDING MONEY FROM KOREA
Maximum principal send amount: USD 7,000 or its local equivalent per single transfer per person per day.
Maximum principal send amount to UK and Nigeria: USD 1,000 or its local equivalent per single transfer per person per day.
Senders must present their current original valid government-issued photo identification for all money transfers.
The 'Test Question' feature is not available in Korea.
Money Transfers relating to gambling are prohibited.
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Have you ever wondered how credit card companies generate all those account numbers that appear on the face of the credit cards you carry around in your wallet? At first glance the numbers, while neatly arranged, appear to be completely random. But would it surprise you to know that there is indeed meaning and actual mathematical methodology to the way the numbers are sequenced? The process of generating real credit card numbers and validating them based on a proven mathematical formula is not only intriguing on an intellectual level and a hacker’s dream, the carefully calculated way the numbers are ordered is actually quite beautiful and elegant when you come to understand how it works.
Before I get down to explaining the anatomy of credit card numbers and discussing how credit card numbers are generated, I think it’s prudent to remind everyone the intent of this article. The goal of this blog post is not to encourage or get people thinking about how to go out and create fake credit card numbers on their own for improper means. The purpose is to shed some light on the science behind the mathematical sequencing technology of valid credit card numbers and offer some insight into something that many of us frequently see and use everyday, but oftentimes don’t pay much attention to.
Please take in the information provided for purely academic and entertainment reasons. I’m not trying to encourage anyone to create fake credit card numbers and get themselves in trouble with the law. For anyone even thinking about engaging in fake credit card number hacking, keep this in mind – using mathematically generated credit card numbers to purchase products over the Internet or in real life is not only unethical and highly illegal, it’s also not yet technologically possible (yet), based on the sheer probability of long shot odds of 1 in trillions. After reading everything I’m about to say carefully, you’ll also realize that there is no realistic way to generate actual working credit card numbers that could be used for anything but entertainment reasons. The math and science behind generating authentic credit card numbers are only good for validation purposes and not sufficient for creating workable numbers as several highly encrypted numerical components are still needed. So, with that obligatory disclaimer out of the way, here is a short guide on how anyone can generate and verify the authenticity of any credit card number.
Before I get down to explaining the anatomy of credit card numbers and discussing how credit card numbers are generated, I think it’s prudent to remind everyone the intent of this article. The goal of this blog post is not to encourage or get people thinking about how to go out and create fake credit card numbers on their own for improper means. The purpose is to shed some light on the science behind the mathematical sequencing technology of valid credit card numbers and offer some insight into something that many of us frequently see and use everyday, but oftentimes don’t pay much attention to.
Please take in the information provided for purely academic and entertainment reasons. I’m not trying to encourage anyone to create fake credit card numbers and get themselves in trouble with the law. For anyone even thinking about engaging in fake credit card number hacking, keep this in mind – using mathematically generated credit card numbers to purchase products over the Internet or in real life is not only unethical and highly illegal, it’s also not yet technologically possible (yet), based on the sheer probability of long shot odds of 1 in trillions. After reading everything I’m about to say carefully, you’ll also realize that there is no realistic way to generate actual working credit card numbers that could be used for anything but entertainment reasons. The math and science behind generating authentic credit card numbers are only good for validation purposes and not sufficient for creating workable numbers as several highly encrypted numerical components are still needed. So, with that obligatory disclaimer out of the way, here is a short guide on how anyone can generate and verify the authenticity of any credit card number.
Rather than ask you to take out a credit card out of your wallet to examine it, I’ve provided a picture of a prototypical card – in this case, it’s a Visa credit card. While different card types offer different lengths of numerical digits, most major credit card issuers popular in the United States have 16 primary numbers on the front face of the card. Visa, MasterCard, and Discover cards all have 16 digits. American Express is the only major credit card issuer in the U.S. with one less number – at 15 digits. Regardless of the length of numbers, their numerical sequencing is still guided by the same Luhn validation formula, the mathematical check sum equation that makes all valid credit card numbers error free.
As you can see from the picture of the Visa card above, the very first 6 credit card number sequence is known as the issuer identification number (IIN) or bank identification number (BIN). These first 6 numerical digits denote the credit card network and the banking institution the card is a member of. The issuer identifier number also incorporates the card type’s special identifying numerical prefix.
All typical 16 digit Visa account credit card numbers start with a prefix of 4.
All 16 digit MasterCard account numbers start with a prefix of 5.
All 16 digit Discover account numbers start with a prefix of 6011.
All 15 digit American Express credit card numbers start with a prefix of 37.
There is less randomization during this initial set of 6 digits as the numbers are determined purely by the card issuing source. Validation systems that want to go the extra mile in verifying authenticity oftentimes scan this first numerical sequence to match the known bank and issuing location of the card with the provided customer billing address for further validation accuracy.
The lone digit at the very right end of the complete 15 or 16 digit credit card number sequence is known as the “check digit”, which often is the final number that is computer generated to satisfy the mathematical formulations of the Luhn check sum process. Meanwhile, in between the first 6 digits and the last single check digit is the actual personalized account number – the 8 or 9 digit sequence given by the card issuer. For more basic background information about credit card numbers, check out this credit card features brochure for more useful knowledge about the embossed and printed information found on your typical plastic credit card.
What’s The Secret Behind The Luhn Algorithm, Also Known As The “Modulus 10″ Or “Mod-10″ Formula?
The Luhn Algorithm is the check sum formula used by payment verification systems and mathematicians to verify the sequential integrity of real credit card numbers. It’s used to help bring order to seemingly random numbers and used to prevent erroneous credit card numbers from being cleared for use. The Luhn Algorithm is not used for straight credit card number generation from scratch, but rather utilized as a simple computational way to distinguish valid credit card numbers from random collections of numbers put together. The validation formula also works with most debit cards as well.
The Luhn formula was created and filed as a patent (now freely in the public domain) in 1954 by Hans Peter Luhn of IBM to detect numerical errors found in pre-existing and newly generated identification numbers. Since then, it’s primary use has been in the area of check sum validation, made popular with its use to verify the validity of important sequences such as credit card numbers. Currently, almost all credit card numbers issued today are generated and verified using the Luhn Algorithm or Modulus, Mod-10 Formula. Needless to say, if you come upon some existing credit card numbers that fail the Luhn algorithm when put to the test, it is safe to assume that they are not valid or genuine numbers.
The one thing to keep in mind is that validity in terms of passing the Luhn test only means that it is mathematically valid for computational compliance purposes. It does not guarantee that the credit card number sequence is indeed a working number that is backed up with a valid credit card account on the card issuer’s end. It is not unremarkable for one to artificially generate a mathematically valid credit card number that passes the Luhn validation check, but still ultimately fails as a fake credit card number with no actual substance. The Luhn algorithm only validates the 15-16 digit credit card number and not the other critical components of a genuine working credit card account such as the expiration date and the commonly used Card Verification Value (CVV) and Card Verification Code (CVC) numbers (used to prove physical possession of the debit or credit card).
The Nerdy Process Of Applying The Luhn Algorithm To The Creation and Validation Of Credit Card Number Sequences
For those who hate math or get scared when they encounter a bunch of scary looking mathematical formulas and numerically inspired descriptions, you are not alone. I personally hate math as an academic subject and was rather terrible at it back in high school and college, but if you like visual, thinking puzzles like Sudoku, you’ll like working with the Luhn Algorithm. It’s pretty clever and remarkably well put together. It’s also pretty easy to explain.
First, you’ll need to lay out all 15 or 16 numerical digits of the credit or debit card number. The Luhn Algorithm always starts from right to left, beginning with the rightmost digit on the credit card face (the check digit). Starting with the check digit and moving left, double the value of every alternate digit. Non-doubled digits will remain the same. Remember that the check digit is never doubled. For example, if the credit card is a 16 digit Visa card, the check digit would be the rightmost 16th digit. Thus you would double the value of the 15th, 13th, 11th, 9th digits, and so on until all odd digits have been doubled. The even digits would be left the same.
For any digit that becomes a two digit number of 10 or more when doubled, add the two digits together. For example, the digit 5 when doubled will become 10, which turns into a 1 (when 1 and 0 are added together). Likewise, the digit 9 when doubled will become 18, which becomes 9 (as 1 and 8 are added together). Obviously, 0 when doubled will remain 0.
Now, lay out the new sequence of numbers. The new doubled digits will replace the old digits. Non-doubled digits will remain the same. Thus, you should be able to come up with a new sequence of 15 or 16 numerical digits depending on card type.
Add up the new sequence of numbers together to get a sum total. If the combined tally is perfectly divisible by ten (ends in 0, like 60 for example), then the account number is mathematically valid according to the Luhn formula. If not, the credit card number provided is not valid and thus fake or improperly generated.
An Example Of the Luhn Validation Technique In Action – Using Homemade Graphics
For the visual types like myself, let’s use the American Express credit card on the right to better demonstrate the doubling and addition mathematics of the Luhn Algorithm. Follow the numbers and you’ll realize that it’s not as difficult as it may first appear. It’s actually very easy once you get the hang of it. You won’t look at credit card numbers the same way ever again after you get a good grip of it – I assure you. You’ll find yourself testing credit card numbers for fun!
Ignoring the obvious Amex logo on the card, right of the bat it’s clear the account number is that of an American Express number – denoted by the numerical prefix – “37″. Now let’s crunch the numbers through the Luhn Algorithm using the following displayed Amex credit card number: 3759-876543-21001. It doesn’t matter if the credit card number sequence has 15 numbers like the American Express or 16 numbers like Visa, MasterCard, or Discover, the Luhn validation check should be able to verify whether this card number is a mathematically authentic credit card number regardless. Follow the Luhn steps from #1 to #4 below, starting with the rightmost check digit.
In this case, the total calculated sum was 57, which is not divisible by 10 (the added up sum does not end with zero). Thus the number fails the Luhn Algorithm validation check. According to the Luhn test, this particular Amex credit card number is completely bogus and fake. The numbers were likely randomly slapped together. To make this particular set of numbers Luhn compliant and error free, all we would have to do is change the all important “check digit” number from 1 to a 4, which would result in a total sum of 60, thereby becoming Luhn compliant.
If you want to test this mathematical theory out in real life, I recommend pulling out your own credit cards and spending a few seconds to run a quick Luhn screening on them just for your own amusement and education. Pretty neat isn’t it? If you want another credit card number to test on, try using the credit card number that is displayed on the cartoon “VIZA Card” [sic] that Bart Simpson is holding up in the graphic at the top right of this article – the card is in the name of “Rod Flanders”, and the credit card number is: 8525-4941-2525-4158. Tip: Just by looking at the prefix numbers you probably should already be able to tell that the account number’s completely random and fake.
Use The Luhn Formula To Validate Existing Accounts But Don’t Attempt To Create and Use Fake Credit Card NumbersNow with this new found knowledge, keep in mind you still won’t be able to randomly generate genuine workable credit card numbers. The Luhn theory only allows you to generate mathematically compliant credit card test numbers, not hack workable ones. Besides, without valid expiration dates, and valid CVV2, CVC2, or CID numbers (the special security codes printed on the back or front of credit cards as additional authentication measures), you still wouldn’t be able to legitimately use your self generated numbers to run credit transactions anyway.
Cracking and hacking the security codes found on credit cards is currently impossible. To calculate a workable 3 digit CVV2 security code, the algorithm requires a primary account number (PAN), the 4 digit expiration date, a special 3 digit service code, and a pair of DES keys. With such heavy encryption and billions to trillions of numerical possibilities, unless you have God-like mental processing power and a fleet of super computers at your disposal, you won’t be able to use brute force guessing attempts to crack the codes.
While it’s good to use this type of information to education yourself on the inner workings of credit cards and mathematical validation theory, it’s best to stay away from trying to further crack the secret of credit card codes to come up with free workable account numbers. Don’t use the Luhn Algorithm for anything else but personal entertainment and amusement. Please don’t go around trying to generate a list of fake credit card numbers on your own and trying to buy stuff with them. I know some of you out there may be tempted to try, but you’ll just get yourself in trouble.
As you can see from the picture of the Visa card above, the very first 6 credit card number sequence is known as the issuer identification number (IIN) or bank identification number (BIN). These first 6 numerical digits denote the credit card network and the banking institution the card is a member of. The issuer identifier number also incorporates the card type’s special identifying numerical prefix.
All typical 16 digit Visa account credit card numbers start with a prefix of 4.
All 16 digit MasterCard account numbers start with a prefix of 5.
All 16 digit Discover account numbers start with a prefix of 6011.
All 15 digit American Express credit card numbers start with a prefix of 37.
There is less randomization during this initial set of 6 digits as the numbers are determined purely by the card issuing source. Validation systems that want to go the extra mile in verifying authenticity oftentimes scan this first numerical sequence to match the known bank and issuing location of the card with the provided customer billing address for further validation accuracy.
The lone digit at the very right end of the complete 15 or 16 digit credit card number sequence is known as the “check digit”, which often is the final number that is computer generated to satisfy the mathematical formulations of the Luhn check sum process. Meanwhile, in between the first 6 digits and the last single check digit is the actual personalized account number – the 8 or 9 digit sequence given by the card issuer. For more basic background information about credit card numbers, check out this credit card features brochure for more useful knowledge about the embossed and printed information found on your typical plastic credit card.
What’s The Secret Behind The Luhn Algorithm, Also Known As The “Modulus 10″ Or “Mod-10″ Formula?
The Luhn Algorithm is the check sum formula used by payment verification systems and mathematicians to verify the sequential integrity of real credit card numbers. It’s used to help bring order to seemingly random numbers and used to prevent erroneous credit card numbers from being cleared for use. The Luhn Algorithm is not used for straight credit card number generation from scratch, but rather utilized as a simple computational way to distinguish valid credit card numbers from random collections of numbers put together. The validation formula also works with most debit cards as well.
The Luhn formula was created and filed as a patent (now freely in the public domain) in 1954 by Hans Peter Luhn of IBM to detect numerical errors found in pre-existing and newly generated identification numbers. Since then, it’s primary use has been in the area of check sum validation, made popular with its use to verify the validity of important sequences such as credit card numbers. Currently, almost all credit card numbers issued today are generated and verified using the Luhn Algorithm or Modulus, Mod-10 Formula. Needless to say, if you come upon some existing credit card numbers that fail the Luhn algorithm when put to the test, it is safe to assume that they are not valid or genuine numbers.
The one thing to keep in mind is that validity in terms of passing the Luhn test only means that it is mathematically valid for computational compliance purposes. It does not guarantee that the credit card number sequence is indeed a working number that is backed up with a valid credit card account on the card issuer’s end. It is not unremarkable for one to artificially generate a mathematically valid credit card number that passes the Luhn validation check, but still ultimately fails as a fake credit card number with no actual substance. The Luhn algorithm only validates the 15-16 digit credit card number and not the other critical components of a genuine working credit card account such as the expiration date and the commonly used Card Verification Value (CVV) and Card Verification Code (CVC) numbers (used to prove physical possession of the debit or credit card).
The Nerdy Process Of Applying The Luhn Algorithm To The Creation and Validation Of Credit Card Number Sequences
For those who hate math or get scared when they encounter a bunch of scary looking mathematical formulas and numerically inspired descriptions, you are not alone. I personally hate math as an academic subject and was rather terrible at it back in high school and college, but if you like visual, thinking puzzles like Sudoku, you’ll like working with the Luhn Algorithm. It’s pretty clever and remarkably well put together. It’s also pretty easy to explain.
First, you’ll need to lay out all 15 or 16 numerical digits of the credit or debit card number. The Luhn Algorithm always starts from right to left, beginning with the rightmost digit on the credit card face (the check digit). Starting with the check digit and moving left, double the value of every alternate digit. Non-doubled digits will remain the same. Remember that the check digit is never doubled. For example, if the credit card is a 16 digit Visa card, the check digit would be the rightmost 16th digit. Thus you would double the value of the 15th, 13th, 11th, 9th digits, and so on until all odd digits have been doubled. The even digits would be left the same.
For any digit that becomes a two digit number of 10 or more when doubled, add the two digits together. For example, the digit 5 when doubled will become 10, which turns into a 1 (when 1 and 0 are added together). Likewise, the digit 9 when doubled will become 18, which becomes 9 (as 1 and 8 are added together). Obviously, 0 when doubled will remain 0.
Now, lay out the new sequence of numbers. The new doubled digits will replace the old digits. Non-doubled digits will remain the same. Thus, you should be able to come up with a new sequence of 15 or 16 numerical digits depending on card type.
Add up the new sequence of numbers together to get a sum total. If the combined tally is perfectly divisible by ten (ends in 0, like 60 for example), then the account number is mathematically valid according to the Luhn formula. If not, the credit card number provided is not valid and thus fake or improperly generated.
An Example Of the Luhn Validation Technique In Action – Using Homemade Graphics
For the visual types like myself, let’s use the American Express credit card on the right to better demonstrate the doubling and addition mathematics of the Luhn Algorithm. Follow the numbers and you’ll realize that it’s not as difficult as it may first appear. It’s actually very easy once you get the hang of it. You won’t look at credit card numbers the same way ever again after you get a good grip of it – I assure you. You’ll find yourself testing credit card numbers for fun!
Ignoring the obvious Amex logo on the card, right of the bat it’s clear the account number is that of an American Express number – denoted by the numerical prefix – “37″. Now let’s crunch the numbers through the Luhn Algorithm using the following displayed Amex credit card number: 3759-876543-21001. It doesn’t matter if the credit card number sequence has 15 numbers like the American Express or 16 numbers like Visa, MasterCard, or Discover, the Luhn validation check should be able to verify whether this card number is a mathematically authentic credit card number regardless. Follow the Luhn steps from #1 to #4 below, starting with the rightmost check digit.
In this case, the total calculated sum was 57, which is not divisible by 10 (the added up sum does not end with zero). Thus the number fails the Luhn Algorithm validation check. According to the Luhn test, this particular Amex credit card number is completely bogus and fake. The numbers were likely randomly slapped together. To make this particular set of numbers Luhn compliant and error free, all we would have to do is change the all important “check digit” number from 1 to a 4, which would result in a total sum of 60, thereby becoming Luhn compliant.
If you want to test this mathematical theory out in real life, I recommend pulling out your own credit cards and spending a few seconds to run a quick Luhn screening on them just for your own amusement and education. Pretty neat isn’t it? If you want another credit card number to test on, try using the credit card number that is displayed on the cartoon “VIZA Card” [sic] that Bart Simpson is holding up in the graphic at the top right of this article – the card is in the name of “Rod Flanders”, and the credit card number is: 8525-4941-2525-4158. Tip: Just by looking at the prefix numbers you probably should already be able to tell that the account number’s completely random and fake.
Use The Luhn Formula To Validate Existing Accounts But Don’t Attempt To Create and Use Fake Credit Card NumbersNow with this new found knowledge, keep in mind you still won’t be able to randomly generate genuine workable credit card numbers. The Luhn theory only allows you to generate mathematically compliant credit card test numbers, not hack workable ones. Besides, without valid expiration dates, and valid CVV2, CVC2, or CID numbers (the special security codes printed on the back or front of credit cards as additional authentication measures), you still wouldn’t be able to legitimately use your self generated numbers to run credit transactions anyway.
Cracking and hacking the security codes found on credit cards is currently impossible. To calculate a workable 3 digit CVV2 security code, the algorithm requires a primary account number (PAN), the 4 digit expiration date, a special 3 digit service code, and a pair of DES keys. With such heavy encryption and billions to trillions of numerical possibilities, unless you have God-like mental processing power and a fleet of super computers at your disposal, you won’t be able to use brute force guessing attempts to crack the codes.
While it’s good to use this type of information to education yourself on the inner workings of credit cards and mathematical validation theory, it’s best to stay away from trying to further crack the secret of credit card codes to come up with free workable account numbers. Don’t use the Luhn Algorithm for anything else but personal entertainment and amusement. Please don’t go around trying to generate a list of fake credit card numbers on your own and trying to buy stuff with them. I know some of you out there may be tempted to try, but you’ll just get yourself in trouble.
Saturday, April 17, 2010
A Guide To Credit Card Ratings
Bank cards are all around you in the world today, and yes it would certainly seem in which nearly every person has one. They are almost essential pertaining to purchasing on the web and also important to lots of people to get comfort and security. There is a bank card variety for most people which include people having less than perfect credit history. The next is a short introduction to one of the most popular types of plastic cards.
The unprotected bank card is really a regular bank card in which practically nothing is required to secure your line of credit as well as show you will pay it. The quotes for all these are usually depending on credit rating as well as on the actual plastic card company’s guidelines. Some are less favorable than they appear and have costs in which might not be visible on very first look. Make sure you read the actual terms as well as conditions very carefully.
Secured bank card
Individuals having low credit score will not be specifically excluded from having the credit card they could obtain a protected plastic card where the credit line is actually backed up against whether cash down payment or even security equal to a minimum of your value of the actual credit line. Basically, this can be a secured credit in which you guarantee settlement by having an item or money.
This can be a good choice for individuals who wish to establish a credit score or maybe repair the credit. There are variations in rates as well as fees and interest rates utilized between these types of secured plastic card businesses thus make certain as well as check around to the just one with the most positive conditions to suit your needs.
Pre-paid credit card
This is a kind of credit card which is available possibly not applied for as well as is invaluable pertaining to budgeting and for people exactly who cannot acquire a new bank card any other way. There’s no credit expanded as well as all the only funds on these types of credit cards is the sum people first deposit on the card.
Though there isn’t an interest charged with these plastic cards you’ll find generally service fees associated with prepaid cards, as well as service fees to reload the credit card and annual service fees along with possibly preservation fees. You must examine the actual terms carefully and understand which apply and which will be most helpful for your investing behavior as well as budget.
Bank cards and The Credit rating
Having regular unsecured bank cards you will need to determine what service fees connect with the credit card, exactly how interest on the bank card is actually computed, as well as what instances penalty fees might be applied.
The credit card, which often does not demand interest rate as long as the purchase is actually covered immediately along with absolutely no debt is taken, is rapidly disappearing, and more and more credit cards are usually charging interest rate from the time the purchase is submitted on the credit card.
Guaranteed credit cards might also have bigger interest rates as well as charges and most of these should be balanced along with your spending budget to assure this bank card is definitely a property to your credit rather than one more burden.
Pre-paid bank cards don’t actually fix credit score since they will be not really extending a line of credit they’re purchased. This purchaser need to check out any kind of expenses associated with them. Quite a few demands a fee for each transaction and others could ask for fixed reload expenses, transfer fees, and member’s program or maybe servicing charges, as well as ATM withdrawal fees.
Each and every kind of bank card is actually a good choice for someone; you just have to figure out the top one for your purchasing routines.
The unprotected bank card is really a regular bank card in which practically nothing is required to secure your line of credit as well as show you will pay it. The quotes for all these are usually depending on credit rating as well as on the actual plastic card company’s guidelines. Some are less favorable than they appear and have costs in which might not be visible on very first look. Make sure you read the actual terms as well as conditions very carefully.
Secured bank card
Individuals having low credit score will not be specifically excluded from having the credit card they could obtain a protected plastic card where the credit line is actually backed up against whether cash down payment or even security equal to a minimum of your value of the actual credit line. Basically, this can be a secured credit in which you guarantee settlement by having an item or money.
This can be a good choice for individuals who wish to establish a credit score or maybe repair the credit. There are variations in rates as well as fees and interest rates utilized between these types of secured plastic card businesses thus make certain as well as check around to the just one with the most positive conditions to suit your needs.
Pre-paid credit card
This is a kind of credit card which is available possibly not applied for as well as is invaluable pertaining to budgeting and for people exactly who cannot acquire a new bank card any other way. There’s no credit expanded as well as all the only funds on these types of credit cards is the sum people first deposit on the card.
Though there isn’t an interest charged with these plastic cards you’ll find generally service fees associated with prepaid cards, as well as service fees to reload the credit card and annual service fees along with possibly preservation fees. You must examine the actual terms carefully and understand which apply and which will be most helpful for your investing behavior as well as budget.
Bank cards and The Credit rating
Having regular unsecured bank cards you will need to determine what service fees connect with the credit card, exactly how interest on the bank card is actually computed, as well as what instances penalty fees might be applied.
The credit card, which often does not demand interest rate as long as the purchase is actually covered immediately along with absolutely no debt is taken, is rapidly disappearing, and more and more credit cards are usually charging interest rate from the time the purchase is submitted on the credit card.
Guaranteed credit cards might also have bigger interest rates as well as charges and most of these should be balanced along with your spending budget to assure this bank card is definitely a property to your credit rather than one more burden.
Pre-paid bank cards don’t actually fix credit score since they will be not really extending a line of credit they’re purchased. This purchaser need to check out any kind of expenses associated with them. Quite a few demands a fee for each transaction and others could ask for fixed reload expenses, transfer fees, and member’s program or maybe servicing charges, as well as ATM withdrawal fees.
Each and every kind of bank card is actually a good choice for someone; you just have to figure out the top one for your purchasing routines.
Western union korea
Simple. Just go to your nearest Western Union Agent location, fill in your details and we'll take care of the rest for you. With more than 320,0001 Agent locations across the world, we are probably right around the corner in your neighborhood bank.
In Korea, you can send money at any of Western Union's over 2,8001 Agent locations, such as: KB Kookmin Bank, IBK KIUP Bank, NongHyup Bank or Busan Bank.
Find the location nearest you here, or call our Customer Service Center at 00798 8521 3000 begin_of_the_skype_highlighting 00798 8521 3000 end_of_the_skype_highlighting (toll-free; valid for calls within Korea only). Our Customer Service Centre provides assistance in different languages, such as Korean, English, Chinese, Tagalog and Vietnamese.
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COMPLETE THE 'TO SEND MONEY' FORM Visit the nearest Western Union Agent location and fill out the 'To Send Money' form. Ensure you enter all information in English in capital letters on the form.
PRESENT COMPLETED FORM, PAYMENTS AND VALID IDENTIFICATION
Give the Agent the amount of money that you (the Sender) want to send together with the necessary service fees2, completed form and your current original valid government-issued photo identification.
SIGN AND RECEIVE YOUR RECEIPT You will be required to sign a receipt after you have verified all the details printed on the receipt are correct. One of the details printed on the receipt is your Money Transfer Control Number (MTCN). You can track the status of your money transfer online with your MTCN.
INFORM YOUR RECEIVER It's time to contact the intended receiver of your money, and inform the necessary information to him/her, such as your complete name (as signed in the 'To Send Money' form), amount sent, MTCN, and the country the money was sent from.
TRACK YOUR MONEY Go to the 'Tracking' link on the homepage of our website. You can then track the status of your money by typing your name (as signed in the 'To Send Money' form) and MTCN.
Check the status of your money transfer now
You can also call our Customer Service Center at 00798 8521 3000 begin_of_the_skype_highlighting 00798 8521 3000 end_of_the_skype_highlighting (toll-free; valid for calls within Korea only) to check the status of your money transfer.
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RESTRICTIONS AND SPECIAL NOTES ON SENDING MONEY FROM KOREA
Maximum principal send amount: USD 7,000 or its local equivalent per single transfer per person per day.
Maximum principal send amount to UK and Nigeria: USD 1,000 or its local equivalent per single transfer per person per day.
Senders must present their current original valid government-issued photo identification for all money transfers.
The 'Test Question' feature is not available in Korea.
Money Transfers relating to gambling are prohibited.
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In Korea, you can send money at any of Western Union's over 2,8001 Agent locations, such as: KB Kookmin Bank, IBK KIUP Bank, NongHyup Bank or Busan Bank.
Find the location nearest you here, or call our Customer Service Center at 00798 8521 3000 begin_of_the_skype_highlighting 00798 8521 3000 end_of_the_skype_highlighting (toll-free; valid for calls within Korea only). Our Customer Service Centre provides assistance in different languages, such as Korean, English, Chinese, Tagalog and Vietnamese.
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COMPLETE THE 'TO SEND MONEY' FORM Visit the nearest Western Union Agent location and fill out the 'To Send Money' form. Ensure you enter all information in English in capital letters on the form.
PRESENT COMPLETED FORM, PAYMENTS AND VALID IDENTIFICATION
Give the Agent the amount of money that you (the Sender) want to send together with the necessary service fees2, completed form and your current original valid government-issued photo identification.
SIGN AND RECEIVE YOUR RECEIPT You will be required to sign a receipt after you have verified all the details printed on the receipt are correct. One of the details printed on the receipt is your Money Transfer Control Number (MTCN). You can track the status of your money transfer online with your MTCN.
INFORM YOUR RECEIVER It's time to contact the intended receiver of your money, and inform the necessary information to him/her, such as your complete name (as signed in the 'To Send Money' form), amount sent, MTCN, and the country the money was sent from.
TRACK YOUR MONEY Go to the 'Tracking' link on the homepage of our website. You can then track the status of your money by typing your name (as signed in the 'To Send Money' form) and MTCN.
Check the status of your money transfer now
You can also call our Customer Service Center at 00798 8521 3000 begin_of_the_skype_highlighting 00798 8521 3000 end_of_the_skype_highlighting (toll-free; valid for calls within Korea only) to check the status of your money transfer.
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RESTRICTIONS AND SPECIAL NOTES ON SENDING MONEY FROM KOREA
Maximum principal send amount: USD 7,000 or its local equivalent per single transfer per person per day.
Maximum principal send amount to UK and Nigeria: USD 1,000 or its local equivalent per single transfer per person per day.
Senders must present their current original valid government-issued photo identification for all money transfers.
The 'Test Question' feature is not available in Korea.
Money Transfers relating to gambling are prohibited.
Top
american express card
How the First Credit Card Came to Be
In America, credit card history isn’t something most people think about. This is because credit and credit cards appear to be a timeless method of payment. However, the use of plastic payments is, for the most part, a twentieth century luxury. At the turn of that century, a well-organized system and practice of credit simply didn’t exist. Today, however, most habitually rely on the convenient use of plastic to secure a variety of services and items. So, how exactly did the phenomenon known as credit spread so rapidly and who is the person responsible for inventing the first credit card?
Early Systems of Credit
During the 1920’s, the use of credit was regularly practiced in both the hotel, as well as the oil industries who commonly extended credit to their fondest customers. This practice then allowed patrons to pay for purchases or services later. Initially, credit was offered directly from merchants to their consumers who, in turn, also directly repaid their debts back to the original merchant.
Mimicking the success of hotels and oil companies, stores eventually began offering credit to attract new customers and as a way of boosting existing customer loyalty. As a new credit concept began to grow in popularity with consumers, merchants formed groups based on agreements to do business with consumers by accepting credit purchases on cards from other stores within their group. This alliance allowed customers the luxury of shopping at a wider number of stores while using the same agreement they enjoyed with the original merchant.
Early Charge Cards
John Briggins later created the charge card when he introduced the “Charge-It” program in the mid-1940s, which permitted merchants to directly deposit sales slips at their bank and, in turn, the bank would then bill that merchant’s credit customers. Just a few short years after that, the Diner’s Club card was introduced, which allowed customers to enjoy dining at their choice of 27 restaurants throughout New York, but pay their bill later. Even though the “Charge-It” arrangement, as well as the Diner’s Club agreement share a role in the history, which laid the foundation for credit cards as we know them today, neither of these is considered to be a true credit program. This is because, at that time, customers were bound to paying the whole amount due at each billing. Of course, this is in contrast to installment payments currently accepted by most credit card companies today. Such affords customers the opportunity to carry balances over several months. Each of these early programs, though, has its place in the invention of true credit cards, as these programs are the conceptual foundations upon which today’s credit system was eventually created.
American Express and Bank of America Take Credit to New Heights
In 1958, American Express offered their premier charge card with Bank of America debuting the Bankamericard later that year. Soon after this the Bankamericard was re-named as the Visa card and is actually the first credit card to be almost universally used by consumers and accepted by merchants across America, as well as other countries.
Credit Cards Then and Now
Recalling the invention of the credit card unveils a perfect illustration of how rapidly strong business ideas will spread and transform how business is done worldwide. In a very short time period, the credit card has grown into a popular and convenient tool routinely used in the marketplace. Understanding their purpose and how they came into being, helps in respecting how they are used today.
In America, credit card history isn’t something most people think about. This is because credit and credit cards appear to be a timeless method of payment. However, the use of plastic payments is, for the most part, a twentieth century luxury. At the turn of that century, a well-organized system and practice of credit simply didn’t exist. Today, however, most habitually rely on the convenient use of plastic to secure a variety of services and items. So, how exactly did the phenomenon known as credit spread so rapidly and who is the person responsible for inventing the first credit card?
Early Systems of Credit
During the 1920’s, the use of credit was regularly practiced in both the hotel, as well as the oil industries who commonly extended credit to their fondest customers. This practice then allowed patrons to pay for purchases or services later. Initially, credit was offered directly from merchants to their consumers who, in turn, also directly repaid their debts back to the original merchant.
Mimicking the success of hotels and oil companies, stores eventually began offering credit to attract new customers and as a way of boosting existing customer loyalty. As a new credit concept began to grow in popularity with consumers, merchants formed groups based on agreements to do business with consumers by accepting credit purchases on cards from other stores within their group. This alliance allowed customers the luxury of shopping at a wider number of stores while using the same agreement they enjoyed with the original merchant.
Early Charge Cards
John Briggins later created the charge card when he introduced the “Charge-It” program in the mid-1940s, which permitted merchants to directly deposit sales slips at their bank and, in turn, the bank would then bill that merchant’s credit customers. Just a few short years after that, the Diner’s Club card was introduced, which allowed customers to enjoy dining at their choice of 27 restaurants throughout New York, but pay their bill later. Even though the “Charge-It” arrangement, as well as the Diner’s Club agreement share a role in the history, which laid the foundation for credit cards as we know them today, neither of these is considered to be a true credit program. This is because, at that time, customers were bound to paying the whole amount due at each billing. Of course, this is in contrast to installment payments currently accepted by most credit card companies today. Such affords customers the opportunity to carry balances over several months. Each of these early programs, though, has its place in the invention of true credit cards, as these programs are the conceptual foundations upon which today’s credit system was eventually created.
American Express and Bank of America Take Credit to New Heights
In 1958, American Express offered their premier charge card with Bank of America debuting the Bankamericard later that year. Soon after this the Bankamericard was re-named as the Visa card and is actually the first credit card to be almost universally used by consumers and accepted by merchants across America, as well as other countries.
Credit Cards Then and Now
Recalling the invention of the credit card unveils a perfect illustration of how rapidly strong business ideas will spread and transform how business is done worldwide. In a very short time period, the credit card has grown into a popular and convenient tool routinely used in the marketplace. Understanding their purpose and how they came into being, helps in respecting how they are used today.
In 1949 Frank McNamara decided to treat some friends to dinner at Major's Cabin Grill in New York City.
When it came time to pay the bill Frank noticed he forgot to bring his wallet, but instead of washing dishes, forced his wife to drive over to bring him the money.
Needless to say Frank was quite embarrassed and vowed it would never happen again and Diners Club, the world's first credit card was born.
The first of these cards, made of cardboard, were given out in 1950 to about 2,000 people and were accepted by 14 restaurants in New York.
Nowadays, in America, there are five credit cards for every man, woman and child.
Charging for products and services has become a way of life. No longer do people bring cash when they buy a sweater or a large appliance, they charge it. Some people do it for the convenience of not carrying cash; others "put it on plastic" so they can purchase an item they can not yet afford. The credit card that allows them to do this is a twentieth century invention.
At the beginning of the twentieth century, people had to pay cash for almost all products and services. Although the early part of the century saw an increase in individual store credit accounts, a credit card that could be used at more than one merchant was not invented until 1950. It all started when Frank X. McNamara and two of his friends went out to
crdit method
In case you haven’t noticed, I’ve been taking somewhat of a financial blogging hiatus for the last few months. However, during this period of time, I’ve been spending my days productively – traveling overseas, tending to my other online and real world ventures, as well as scouting out opportunities in areas that remain yet untapped. It’s not easy spotting the next big thing, particularly in the realm of online money making ideas, but I have a few new interesting ideas in mind. Perhaps one of these days once I’ve worked them out in my head and actually tested them out, I’ll share a few of the better ones with readers.
Of course, until I find a way to definitively achieve financial independence or acquire a method to ensure a guaranteed passive income stream, I will inevitably have to end my extended vacation and return to my full time job sometime in the next few weeks. Thus I’ll be getting back to my regular full time day job as a self employed attorney and part time gig as a blogger very shortly. Blogging has been an interesting part time job for me for the last two years (bringing in a very steady and rather lucrative income stream), however at some point, the inevitable pangs of writer’s block and declined motivation inevitably creep. Thus it was nice to finally get away and get a multiple month breather after all this time. However, now that I’ve taken my sabbatical, spent time with the family, and pursued other extracurricular activities, I’m almost ready to get back on the horse again and retake the reins.
Of course, until I find a way to definitively achieve financial independence or acquire a method to ensure a guaranteed passive income stream, I will inevitably have to end my extended vacation and return to my full time job sometime in the next few weeks. Thus I’ll be getting back to my regular full time day job as a self employed attorney and part time gig as a blogger very shortly. Blogging has been an interesting part time job for me for the last two years (bringing in a very steady and rather lucrative income stream), however at some point, the inevitable pangs of writer’s block and declined motivation inevitably creep. Thus it was nice to finally get away and get a multiple month breather after all this time. However, now that I’ve taken my sabbatical, spent time with the family, and pursued other extracurricular activities, I’m almost ready to get back on the horse again and retake the reins.
The Best Credit Card Offers and Free Money Rewards
Updated List Of All The Best Credit Card Deals and Offers Available
I use credit cards to pay for everything, and over the years I’ve racked up a tremendous amount of credit card rewards, cash back rebates, and bonus airline miles. I use a personal combination of credit cards to maximize my rewards and free cash rebates for different purchase categories. Certain cards even offer instant $100 gift card rewards for new sign ups that I like to apply for and take advantage of.
You might notice that some of the following offers are business credit card related. Keep in mind that anyone can apply for a business credit card, even ordinary consumers and individuals who don’t actually own a small business. Simply by submitting your social security number (SSN) as your business ID, you can properly apply for a business card as a sole proprietorship.
So aside from a few wads of emergency cash that I always carry around, would you like to know the selection of credit cards that are tucked away in my wallet at all times?
Updated List Of All The Best Credit Card Deals and Offers Available
I use credit cards to pay for everything, and over the years I’ve racked up a tremendous amount of credit card rewards, cash back rebates, and bonus airline miles. I use a personal combination of credit cards to maximize my rewards and free cash rebates for different purchase categories. Certain cards even offer instant $100 gift card rewards for new sign ups that I like to apply for and take advantage of.
You might notice that some of the following offers are business credit card related. Keep in mind that anyone can apply for a business credit card, even ordinary consumers and individuals who don’t actually own a small business. Simply by submitting your social security number (SSN) as your business ID, you can properly apply for a business card as a sole proprietorship.
So aside from a few wads of emergency cash that I always carry around, would you like to know the selection of credit cards that are tucked away in my wallet at all times?
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